Housing Market News
Bidding Wars
Homebuyer Competition Ticked Up in February, Hitting Record High
Bidding wars are intensifying at a slower pace than they were at the start of the pandemic. Nationwide, 68.6% of home offers written by Redfin
All-Cash Homebuyers Are Four Times More Likely to Win a Bidding War
Cash is king when competing for a home, but a buyer’s odds of winning a bidding war also increase significantly by waiving the financing contingency
January Was the Most Competitive Month on Record for Homebuyers
70% of home offers written by Redfin agents faced competition in January, up from roughly 60% a year earlier and the highest share in Redfin’s
3 in 5 Home Offers Faced Bidding Wars in December, Even Amid Holiday Slowdown
Many homebuyers are writing upwards of five offers before finding success as remote work, an ongoing housing shortage and low mortgage rates fuel bidding wars.
Homebuyer Competition Drops to Lowest Level in Nearly a Year in November
59.5% of Redfin home offers faced bidding wars in November, the first time the competition rate was below 60% since December 2020. In November, 59.5%
Homebuyer Competition Levels Off in October, With 60% of Redfin Offers Facing Bidding Wars
Housing-market competition is no longer slowing as homebuyer demand shows signs of heating back up. In October, 60.3% of home offers written by Redfin agents
Almost Two-Thirds of Home Offers Written By Redfin Agents Faced Bidding Wars In March
Competition is escalating as Americans rush to lock down homes before back-to-school season this fall. Single-family homes are the most likely to attract bidding wars,
Redfin Bidding-War Rate Surpasses 60% In February as Housing Shortage Fuels Fierce Competition
Battles between buyers are more intense than ever, with some houses receiving dozens of offers and selling at lightning speed for tens of thousands of
All-Cash Offers Quadruple a Homebuyer’s Chances of Winning a Bidding War
All-cash offers are most likely to improve a buyers’ odds of winning a bidding war, followed by waiving the financing contingency, according to Redfin data.
How to Win a Bidding War In 2021, According to Redfin Agents
Competition in the housing market is fierce. Here are nine unique strategies to help homebuyers win that don’t require paying all cash or waiving contingencies.
56% of Redfin Home Offers Faced Competition in January, the 9th-Straight Month of a 50%-Plus Bidding-War Rate
Pricey homes are most likely to see bidding wars, with more than 65% of homes priced between $800,000 and $1 million facing competition in January,
Half of Redfin Home Offers Faced Bidding Wars In December as Housing Market Defied Holiday Slump
Competition tapered slightly over the holidays, but remained fierce as insufficient housing supply failed to keep up with insatiable demand boosted by record-low mortgage rates
